United States of America 1838 Philadelphia Coronet Head Cents $5

Coin / United States of America / 1838 / Philadelphia / Coronet Head Cents / $5 (Five Dollars)

The coin in question is an 1838 Coronet Head Cent from the United States, minted in Philadelphia. This particular denomination is notable for its value of $5, which is relatively high for a cent coin, indicative of its historical significance and rarity in certain grades. Designed by Robert Scot, this coin features the classic Coronet Head design that became popular in the mid-19th century. The coin is made of copper and has a weight of approximately 10.89 grams. Its diameter measures 28 millimeters, providing a substantial feel when held. As part of the Coronet Head series, this coin carries a plain edge and is classified as a mint strike, meaning it was produced under standard minting practices at the time and was likely intended for circulation. With a total mintage of 6,370,200 pieces, it is relatively common; however, its condition, rarity, and demand from collectors can significantly influence its market value. The 1838 Coronet Head Cent represents a fascinating piece of American history, capturing both the artistry of coin design and the economic context of its era. As with any collectible coin, condition will play a crucial role in determining its value, but it is generally considered a cherished item for numismatists and a notable piece of heritage for the United States.